CORRECTED - UPDATE 1-LSI has loss in line with its lowered forecast

(Reuters) - LSI, a maker of chips used in networks and cell phones and
of data storage systems, said it had a second-quarter net loss
of $378 million, or 50 cents per share, compared with a
year-earlier net profit of $53.8 million, or 13 cents per
share.




Excluding items, LSI said it had a second-quarter loss of 2
cents per share. Last month, LSI said it expected a net loss
per share of 43 cents to 52 cents per share and revenue of $650
million to $670 million. Excluding items, it said it expected a
loss of 3 cents per share.


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